Understanding 4-H Club Finances Why would we ever want to have youth responsible for money and how exactly do we oversee it? University of Wyoming 4-H Youth Development

It gives youth experience and prepares them to handle money responsibly as an adult University of Wyoming 4-H Youth Development

Financial Guidelines Allows youth full access to and responsibility for managing the club’s funds while controlling the risk of financial loss University of Wyoming 4-H Youth Development one checking account and one savings account per club checking account not to exceed $1,000 savings account not to exceed $2,000 may exceed limits with a specific purpose and fundraising goal keep excess funds in a county 4-H council or 4-H foundation’s treasury in a line item designated for your club

Financial Requirements All money raised under the name of 4-H are public funds University of Wyoming 4-H Youth Development EIN Number (Employer Identification Number) 4 active signers on each financial account 2 must be UW CES Employees Annually submit completed Treasurer’s Handbook

Developing a Budget and Fundraising Guidelines University of Wyoming 4-H Youth Development When you know what the club wants to do, then you can begin to figure out how much it might cost and how the club wants to pay for it all money raised using the name of 4-H must be used only for 4-H purposes. fundraising should be conducted to meet a club goal Income and Fundraising Request Form – keeps communication open income from dues, donations, etc can be spent at the discretion of the club members

Club Property University of Wyoming 4-H Youth Development Annual Inventory Report – submitted annually and kept on file at the county extension office club dissolution – property should be delivered to the county extension office for future use in 4-H activities

Resources: Wyoming 4-H Club Treasurer’s Handbook available at National 4-H Headquarters Fact Sheet, Charters: The Key to Official Recognition Wyoming 4-H Philosophy Fact Sheet, Financial Recommendations, 2008 Wisconsin 4-H Club Financial Handbook for Leaders, Prepared by Kim Reaman University of Wyoming 4-H Youth Development Volunteer Development Specialist March 2010